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Aave ($AAVE), the native token of the leading DeFi lending platform, is currently trading at $165.88, marking a 5.7% drop in the past 24 hours. Once peaking at $666.86 during the 2021 DeFi bull run, $AAVE has since settled into a trading range between $100 and $350. Despite recent volatility, the token remains up by…

When Ethereum first crossed the $1,400 mark in January 2018, the network’s total stablecoin market cap stood at a humble $124,500. According to DeFiLlama data, as of May 6, 2025, that figure skyrocketed to a massive $124.5 billion, marking a one-million-fold increase. Source: DeFiLlama This rapid rise has not occurred in isolation. Ethereum’s stablecoin market…

While OpenAI walks away from profits to return to its nonprofit roots, MIND of Pepe ($MIND) AI project is sprinting in the opposite direction – straight toward them. MIND of Pepe, a crypto-native AI trading agent, is now in the final 25 days of its presale. Unlike OpenAI’s altruistic pivot, MIND of Pepe is built…

Citi announced a new partnership with Switzerland-based SIX Digital Exchange (SDX) on Tuesday to tokenize companies on the digital exchange. The collaboration, revealed at the Point Zero Forum in Switzerland, seeks to address longstanding inefficiencies in the private market ecosystem for both issuers and investors. Citi and SDX are teaming up to tokenize late-stage private…

The Canadian public company SOL Strategies has just deployed the full $20 million tranche from its $500 million convertible note facility. In doing so, it acquired 122,524 SOL at an average price of $148.96, a strategic maneuver designed to expand its SOL holdings and fortify its validator infrastructure. The announcement came via an X post…

Blockchain developer platform Alchemy has launched a new program to incentivize the development of Mini Apps on World, the financial and identity network co-founded by OpenAI’s Sam Altman, specifically in the US. According to the press release shared with Cryptonews, the developer incentive program follows the release of Mini Apps 1.2. This was a significant…

Key Takeaways: Hong Kong’s Securities and Futures Commission (SFC) engaged with UAE regulators to discuss virtual asset supervision, targeting cross-border regulatory cooperation. The SFC has authorized licensed virtual asset trading platforms to offer staking services, introducing stringent compliance measures to safeguard investor interests. These initiatives are part of Hong Kong’s broader strategy to position itself…

Key Takeaways: Senators Warren and Merkley demand an ethics review of Trump’s $2 billion UAE-linked stablecoin deal. UAE investment via Binance raises red flags about foreign influence and potential constitutional violations. Controversy may delay key crypto legislation through 2025. A political and financial scandal involving a Trump-backed stablecoin and a UAE-linked investment deal has sparked…

Key Takeaways: Federal stablecoin legislation could unlock $240 billion in institutional capital. Without clear rules, the U.S. risks losing its stablecoin dominance to offshore issuers. Regulatory delays push crypto innovation to friendlier jurisdictions. On May 6, Coinbase chief executive Brian Armstrong urged Congress to move stablecoin and broader crypto market rules across the finish line…

Crypto staking firm Figment is actively pursuing acquisition targets as part of a broader wave of digital asset mergers and acquisitions sparked by renewed optimism under the Trump administration’s pro-crypto stance. Figment CEO and co-founder Lorien Gabel said in an interview that the company is eyeing deals in the $100 million to $200 million range….